Louisiana

Gulf Coast

Location: Louisiana

Palo participated in the drilling of a recent gas and condensate discovery well based on 3-D seismic and located west of New Orleans in St. James Parish, Louisiana.This new discovery adds to the company’s South Louisiana production base. Palo also has a working interest in the shallow offshore Exxon Mobil #1 well located in the Intracoastal City Field, Vermilion Parish, Louisiana. Careful application of 3-D seismic has enabled the industry to discern by-passed drilling opportunities in fields thought to be fully developed and where field extensions are possible.We hope to continue this success as carefully screened opportunities become available.